Home Depot has also been in the headlines, announcing plans last week to add 80,000 seasonal or permanent part-time workers, the same number it hired last year. To make it easier to fill the jobs it is allowing applicants to schedule interviews online for the first time.

Additionally, Cracker Barrel(CBRL), Domino's Pizza(DPZ), Gannett(GCI), MGM Resorts(MGM) and Six Flags(SIX) are releasing earnings before the open. Transocean(RIG) and La-Z-Boy(LZB) plan to release earnings after the close.

4. Market movers -- HSBC, InterContinental Hotels: Shares in HSBC(HSBC) are dropping by about 4.5% in London as investors reacted to the global bank's latest annual results andnews that it plans to raise up to $7 billion in new capital in the first half of this year.

Fiona Cincotta, a senior market analyst at City Index, said the earnings showed "a disappointing loss of momentum," rising exposure to bad debts and profit margins that were under pressure.

Investors were also left disappointed that the company didn't announce a new plan for share buybacks.

"Overall, though, the bank is in far greener pastures than it was a few years ago," Cincotta said.

Shares in InterContinental Hotels Group(IHG) are also dropping by about 5% in London after the hotel chain reported its latest annual results.